Match the Term with the Appropriate Definition

question 22

Multiple Choice

Match the term with the appropriate definition.
-Mode

• A)Middle value in a body of data
• B)Value that occurs most frequently in a mass of data
• C)Mathematical average calculated by dividing the sum of all individual values by the number of values

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Definitions:

Capacity Option

An approach within operations management to adjust and allocate resources and production capability to meet fluctuating demand.

Basic Option

An entry-level or minimal-feature version of a product or service that serves as a starting point for customization or upgrades.

Altering Demand

Methods or strategies employed to influence or change the level of demand for products or services, often for balancing with supply capabilities.

Demand Option

Strategies or actions a company can take to manage customer demand, such as pricing adjustments or promotional activities.